STACEY GOT HER FIRST CREDIT CARD AT 18 AND HASN'T LOOK BACK SINCE,
ON "BANK OF MOM & DAD," WEDNESDAY, NOVEMBER 11 AT 10 PM ET/PT ON SOAPNET
It's a Matter of Life or Debt
Money Coach Farnoosh Torabi, Author of "You're So Money: Live Rich Even When You're Not,"
Helps Advise the Young Women on Their Out-of-Control Spending Habits
Episode 107 ("Stacey") -- Stacey, an assistant kindergarten teacher from Landsdale, PA, got hold of her first credit card at 18 and hasn�t looked back since. From buying couture clothes for her dog, to going out partying with her friends in bars, to driving a fancy sports car that takes up nearly a quarter of her monthly income, Stacey's irresponsibility has led her deep into debt. Her mom has kicked her out, hoping it would make her grow up, but Stacey has just been crashing on friends� couches rather than getting her finances straight. With the help of money coach Farnoosh Torabi, Stacey�s mom, Diane, will have to take Stacey back in for a dose of reality. Dad Joseph will also be moving back in (they are divorced) for the sake of getting through to his daughter, on a new episode of "Bank of Mom & Dad," airing WEDNESDAY, NOVEMBER 11 (10:00 p.m. � 11:00 p.m., ET/PT) on SOAPnet.
Adapted from a BBC format, "Bank of Mom & Dad" each week will visit a young adult woman with a wayward lifestyle and out-of-control spending habits, who has to go through a major reality check as she faces up to her debt. With the help of Farnoosh, Mom & Dad will move in for one week, taking total control in an emotionally charged intervention where the parents have to approve every dollar spent. Best known for her work in Seventeen Magazine, on Quicken Online, WalletPop (AOL), MSNBC and CNN, Farnoosh ("You're So Money") will help plan a road map for change and provide the tools to make it happen.
"Bank of Mom & Dad" is produced by BBC Worldwide Productions. Allison Wallach and Bob Kirsh serve as executive producers. BBC Worldwide is the main commercial arm and wholly-owned subsidiary of British Broadcasting Corporation (BBC). In the U.S., BBC Worldwide Productions, one of BBC Worldwide's seven core businesses, is based in Los Angeles and New York. It is responsible for the smash hit �Dancing with the Stars� and develops scripted and non-scripted projects for U.S. cable and broadcast networks.
For more information, check out http://sn.soapnet.go.com/shows/bank-of-mom-and-dad